Prices have tumbled as much as 50% on secondhand markets
Ethereum to change approach to mining, further eroding demand
The turmoil in the cryptocurrency industry has ravaged portfolios and left large and small investors struggling to adapt. It’s also taken a toll on a corner of the tech world that once benefited from crypto’s rise: Nvidia Corp. graphics cards.
Long popular with computer gaming nerds, these cards enjoyed a second life during the crypto boom as an essential component of the systems that generate digital coins. Even as Nvidia tried to limit its exposure to the industry, the crypto rally had helped send prices of the company’s products soaring on secondary markets like EBay.
Now that’s changed. With the value of currencies plummeting, miners see less of a need for expensive computer hardware. Their interest is expected to dwindle further as the popular Ethereum blockchain network shifts to a new method called “proof of stake” that won’t require the same heavy-duty...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...